Cryptocurrency exchange OKEx is embracing the Latin American crypto market by launching a fiat gateway for three local currencies with Latamex.
On July 3 OKEx announced that users can now buy Bitcoin (BTC) and Ether (ETH) via direct bank transfer in exchange for:
The Argentine peso (ARS)
The Brazilian real (BRL)
The Mexican peso (MXN)
#OKEx 🤝partners with Settle Network, the largest digital settlement in Latin America. This enables OKEx users to 🛒buy #BTC and #ETH using Argentine peso (#ARS), Brazilian real (#BRL), and Mexican peso (#MXN) via direct bank transfers. #Tokenncoin #CryptoNews #Cryptoexchange pic.twitter.com/xuRwY7s7C6 — Tokenncoin (@Tokenn_coin) July 5, 2020
OKEx’s partnership with Settle Network allowed enabling these features. Settle Network is claimed to be the largest digital settlement network in Latin America.
The new service is provided through Latamex, Settle Network’s proprietary product, and is designed to unlock crypto purchases using local currencies in Latin America.
Jay Hao, CEO of OKEx says that the cooperation will allow OKEx to work with the Latin American market in a compliant way.
Hao adds that OKEx will continue to add more cryptocurrencies:
“to allow more users to purchase cryptocurrencies more conveniently.”
OKEx is not the first major exchange to implement Settle Network’s Latamex. Binance too partnered with Settle Network to provide a similar feature last year.
Source: Cointelegraph | Image: Unsplash